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Free trade (2)
FREE TRADE (2)

Definition: (economics) A way to buy and sell products between countries, without limits on the amount of goods that can be bought and sold, and without special taxes on the goods.
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* All six elements should be in.


1. Purposeful and considered necessary for the trading partners.
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NO COMPULSION.


2. Monitored regularly and constantly regulated (to emphasize). That is, all transactions will be registered, records will be kept, etc.
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NO CONFUSION.


3. 'Freedom' is complete and true as expected in a free market - no tax dodge, or tax break, or trade concessions, or tax exemptions, etc.
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NO FLIGHT OF CAPITAL.


4. Products and goods are not those that damage the environment or ecosystem - nothing untoward or unthinkable happens in the situation.
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NO OPPORTUNITY COST.


5. Benefits all involved in trans border exchanges - the exporters and importers, consumers and middlemen, traders and marketers, etc.
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NOT OFFSETTING.


6. Sustainable for as long as the relationship between countries is cordial. That is, profitability will be for a considerable period.
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NOT A NECESSARY EVIL.




Quote: "The call for free trade is as unavailing as the cry of a spoiled child for the moon. It never has existed; it never will exist". - Henry Clay.

Quote: "To do more for the world that the world does for you - that is success". - Richard Branson.

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